Spyker Cars, the owner of Swedish vehicle manufacturer Saab Automobile, has said that the European Investment Bank's (EIB) conditions regarding the release of collateral are stalling plans to secure short-term financing for the OEM. Saab needs funds to pay its suppliers and restart production. It intends to sell its property to Subscribe to Automotive World … Continued
Spyker Cars, the owner of Swedish vehicle manufacturer Saab Automobile, has said that the European Investment Bank's (EIB) conditions regarding the release of collateral are stalling plans to secure short-term financing for the OEM.
Saab needs funds to pay its suppliers and restart production. It intends to sell its property to
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Subscribe
Already a member?
https://www.automotiveworld.com/articles/86919-sweden-eib-conditions-stalling-funding-plans-spyker/
Join our LinkedIn Group
Let us help you understand the future of mobility